HB 5181 Passes Michigan House of Representatives Unanimously
HB 5181, sponsored by Representative Diana Farrington (R–Utica), passed the Michigan House of Representatives today in a unanimous vote of 109–0.
This legislation provides a secured party with the right to inspect a vehicle that has been deemed abandoned prior to paying the accrued towing and storage fees. It also allows secured parties the ability to contest tow and storage fee costs and redeem the vehicle 10 days after receiving notice from the Secretary of State, instead of 20 days under the current statutory framework.
With auto lending continuing to be a significant line of business for Michigan credit unions, this legislation helps protect the secured party from further losses when a vehicle is abandoned.
Curbside Banking Comes to the Great Lakes Bay Region
Thanks to a brand new mobile branch, Frankenmuth Credit Union can now bring hometown banking services to locations all over our region. The branch features a full-service ATM, inside and outside accessible teller services, an outdoor lobby area and two member service desk areas.
At first, the mobile branch will be located at the Frankenmuth Credit Union Bay City branch on Euclid. That branch will be undergoing a complete rebuild and the new mobile branch will allow for banking services in the Bay City area until the construction is complete in late fall.
After that, the mobile branch can bring 28 feet of curbside banking services to different communities, businesses, festivals, events and even, if needed, disaster recovery situations.
Alpena Alcona Area Credit Union Donates to Special Olympics Michigan Area 3
Through the hard work and dedication of its employees and the generosity of its membership, Alpena Alcona Area Credit Union was able to raise $346.51 for Special Olympics Michigan Area 3.
Special Olympics Area 3 has a mission to provide year-round sports training and athletic competition in a variety of Olympic-type sports for children and adults with intellectual disabilities. This program gives them continuing opportunities to develop physical fitness, demonstrate courage, experience joy and participate in sharing their gifts, skills and friendship with their families, other Special Olympians and the community.
Along with member donations, the Ossineke branch sold candy bars, Valentine’s Day cards and St. Patrick’s Day candy, and donated $2 to dress down on Fridays.
Next Intake Round for Streamlined CDFI Certification is June 4–22
The U. S. Treasury Department’s Community Development Financial Institutions Fund designates organizations that meet certain criteria and provide financial services to low-income communities and people who lack access to financing as Community Development Financial Institutions (CDFIs). Credit unions certified as CDFIs are eligible to apply for awards through a variety of competitive programs administered by the CDFI Fund. These awards enable CDFIs to finance a wide range of activities, including mortgage lending for first-time homebuyers, flexible underwriting for community facilities and commercial loans for businesses in low-income areas.
The next intake rounds for qualifying low-income designated credit unions to apply for streamlined CDFI certification with the National Credit Union Administration (NCUA) will be June 4–22, and then September 10–28.
Under the streamlined process, NCUA performs an initial analysis on behalf of a potential applicant to reduce applicant burden. Click here to learn more about the NCUA–CDFI Certification Initiative.
Collectors Refresh Skills to Improve Results
As some Michigan credit unions are considering the need to expand their collection's team, dozens of collectors are looking to expand their skills and effectiveness at the MCUL & Affiliates 2018 Collector's Training School.
The event, May 2 in Troy, is hosted in collaboration with the Collections Consortium and seeks to empower collectors with top-notch negotiation skills based on the core of elevating listening skills.
Attendees will learn how to exceed performance goals set by management with insider insights, along with tools on basic telephone techniques, the importance of the first call, how to leave messages and more. Tips on time management, eliminating distractions and scheduling the tough calls will all be covered. The event is an ideal opportunity to share successes and leave with ideas to overcome challenges. Registration is only $169 per person.Go to main navigation